BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 12-Month Low – Time to Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $10.31 and last traded at $10.2680, with a volume of 130693 shares. The stock had previously closed at $10.43.

BlackRock MuniYield Quality Fund Trading Down 1.6%

The firm has a fifty day moving average of $11.06 and a two-hundred day moving average of $11.27.

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BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.058 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 6.8%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of large investors have recently added to or reduced their stakes in MQY. Cura Wealth Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the second quarter valued at about $3,120,000. Allspring Global Investments Holdings LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 1st quarter worth approximately $2,660,000. Royal Bank of Canada grew its position in shares of BlackRock MuniYield Quality Fund by 181.0% in the 1st quarter. Royal Bank of Canada now owns 190,734 shares of the financial services provider’s stock worth $2,094,000 after buying an additional 122,847 shares during the last quarter. Bank of America Corp DE increased its stake in shares of BlackRock MuniYield Quality Fund by 220.5% during the first quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock valued at $18,840,000 after buying an additional 1,180,482 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund by 271.9% during the first quarter. NewEdge Advisors LLC now owns 234,235 shares of the financial services provider’s stock valued at $2,572,000 after buying an additional 171,251 shares during the period. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

(Get Free Report)

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.

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